Ukraine's grain exports, new agreement in the EU but also reactions

Grains, Cereal & Legumes

Regulation & Compliances

Market & Price Trends

Published Mar 29, 2024

Tridge summary

In March, Ukraine's grain exports slightly decreased to 4.5 million tonnes from 4.6 million tonnes the previous year, according to the country's Ministry of Agriculture. Concurrently, the EU has agreed to expand duty-free food imports from Ukraine, introducing restrictions and tariffs for imports beyond set levels. This move has raised concerns among EU agricultural organizations and the food industry, especially due to the exclusion of common wheat and barley from safeguard measures and the chosen reference period for import caps. These groups have voiced their apprehensions about the potential adverse effects on European farmers and the industry at large.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Ukraine's grain exports in March totaled 4.5 million tonnes, down slightly from 4.6 million tonnes in the same period last year. This is according to the figures announced on Wednesday (27/3) by the country's Ministry of Agriculture. According to the State Customs Service, since the beginning of this year's trading period, Ukraine has exported: Meanwhile, on Wednesday, members of the Committee of Permanent Representatives to the EU reached a new agreement in principle to expand food imports from Ukraine duty-free but with some restrictions. According to information from AgroTypos, with the new agreement there will be some tariffs when imports from Ukraine exceed certain levels (ceiling). The deal now goes to the European Parliament, where restrictions will be announced. However, representatives of agricultural organizations and the food industry express their disagreements about the long-term effects of Ukrainian imports into the EU. As they report, the new agreement leaves common ...

Source: Agrotypos